Indicators as follows:
- is showing oversold condition
- has bounced off the 0 line showing a strong sign
- has a slight momentum following the pullback of the previous days
We still well above the T line on the cloud and we had a clean nice bounce.
A helps us to identify our next target at breakout to around 850 dollars and then more likely higher.
Money is flowing nicely in ETH and the new scaling developments will help to push the price closer to 1000 dollars.
However if we break the and the T line downwards we might see a retrace back to the 600 dollars area, but is unlikely at the moment.
If this trade made you some money. Tips are welcome.